LINKBTC
LINK/USDT (Retest Key Level Resistance)💎Technical Analysis Summary💎
BINANCE: LINKUSDT
-Since the low around $7 last September 23
-Its value today has increase more than 40%
-The price is now trading just below the key resistance level
-That is a sign of strength in the short term
-If the Bulls can break above its key resistance
-Potential buyers might enter the market quickly
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LINK two waysPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- Uptrend
- Bear flag; flags tend to break against the trend
- 50MA resistance
If we hold $10, we could see price going up
If we break $10 the bear flag will likely follow
LINK Has Entered Trading Range!LINK Has Entered Trading Range Just Like We Anticipated Last Week.
I Would Sit This Out For Now And Watch What LINK Would Do
*Let's Wait For A Change Of Character Or A Confirmation Of A Trend Bias
Technical Indicators Are Also Neutral At This Time
BE PATIENT!
Feel Freee To Look At My Previous LINK Analysis :D
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Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
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This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
LINK walking up the trend nicely I noticed the Adam and Eve Double bottom on LINK today.
so I am Keeping an eye on the small up trend here.
a close above previous structure could see a nice 21% move which would make the Adam and eve Double bottom valid
always consider what direction BTC is going when trading alts
LINKBTC
4hr
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Link/usdt 2nd wave?Link/usdt
After forming double bottom and showed some consolidation last days its looking good now
Buy area : after the break of trendline
But Best buy area : after also break horizontal resistance
Around 11-11.35$
And the first target is around 12.5$-13$ and more
You can jump the wave or buy the retest if you are looking for more safe entery
Stability above these areas can do big pump
Risk : link has high volatility
Stop loss should be daily close below the horizontal resistance
LINK.USDT (Y20.P4.E7).What's next?Hi,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
Just before I dig into my thoughts, Peter B gave out this tweet which said:
Charts do NOT predict prices. No form of TA predicts prices.
Charts suggest the path of least resistance
Charts provide a means to determine the risk of a trade
Charts offer help in timing
Charts offer POSSIBILITIES, not probabilities and certainly not certainties
MY THOUGHTS:
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Note: Log on chart is not enabled.
As per chart, we see the following:
a) A possible Wedge breakout or channel breakout;
b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts.
c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup.
As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus.
d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern.
This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600).
e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well.
f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle.
What are your thoughts, bullish on LINK?
Please give me a tick or like for this post.
Regards,
S.SAri
8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels.
PREVIOUS POST:
Link LINKUSDT - Elliott wave + channelThis structure since ATH is still bearish, because the main impulse Elliott wave crashed to the downside. As per Elliott wave principle, we should expect an ABC correction to the upside now, before another move to the downside. I cannot turn completely bullish on this coin yet, because we need more data later and bulls need to prove more of themselves. And what is also very bad - a main trend line on Log chart since 1.34 USD is broken (you cannot see a specified trend line on this chart).
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CHAINLINK BUY AND SELL ZONES!!So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on.
everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on.
The same goes for the over bought on the RSI tends to be a great time to sell. be good time to probaby scoop up a little on this now if you wanted. it wouldnt hurt.
Link's Setup for Today.ChainLink - Short Term
We look to Buy at 9.219 (stop at 9.098)
Price action has formed a bullish ascending triangle formation. 200-hour EMA is at 9.600.
Trend line support is located at 9.220.
We look to buy dips.
The trend of higher lows is located at 9.220.
Our profit targets will be 9.542 and 9.586
Resistance: 9.350 / 9.440 / 9.550
Support: 9.300 / 9.250 / 9.170
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